Short Interest in Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Declines By 27.2%

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 742,600 shares, a decrease of 27.2% from the September 30th total of 1,020,000 shares. Based on an average daily volume of 310,200 shares, the short-interest ratio is presently 2.4 days. Based on an average daily volume of 310,200 shares, the short-interest ratio is presently 2.4 days.

Saba Capital Income & Opportunities Fund Stock Up 0.4%

Saba Capital Income & Opportunities Fund stock traded up $0.03 during midday trading on Monday, reaching $7.43. 265,772 shares of the company traded hands, compared to its average volume of 232,572. The business has a 50 day moving average of $7.81 and a two-hundred day moving average of $7.88. Saba Capital Income & Opportunities Fund has a 12 month low of $6.91 and a 12 month high of $8.49.

Saba Capital Income & Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 9th were given a $0.085 dividend. The ex-dividend date was Thursday, October 9th. This represents a c) annualized dividend and a yield of 13.7%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRW. Newbridge Financial Services Group Inc. bought a new position in Saba Capital Income & Opportunities Fund in the second quarter worth approximately $46,000. Perennial Advisors LLC bought a new position in Saba Capital Income & Opportunities Fund in the third quarter worth approximately $78,000. Captrust Financial Advisors raised its position in Saba Capital Income & Opportunities Fund by 21.5% in the second quarter. Captrust Financial Advisors now owns 16,712 shares of the company’s stock worth $135,000 after acquiring an additional 2,956 shares during the period. Apollon Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund in the third quarter worth approximately $136,000. Finally, M&T Bank Corp bought a new position in Saba Capital Income & Opportunities Fund in the first quarter worth approximately $140,000.

Saba Capital Income & Opportunities Fund Company Profile

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.